Market Overview:
The global food flavours and flavour enhancers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and changing consumer preferences. MSG, HVP, yeast extract, and other types are the major flavouring agents used in food products. Restaurants, home cooking, and food processing industry are the major application segments of the global food flavours and flavour enhancers market. In terms of region, North America is expected to lead the global food flavours and flavour enhancers market during the forecast period followed by Europe.
Product Definition:
A food flavour is the perceived taste of a food or drink. The term "flavour" encompasses both the basic tastes and smells of a substance. Flavour enhancers are chemicals that are added to foods to enhance their flavour. These additives are used to make bland-tasting foods more appetizing, and they can also be used to mask unpleasant odours. Food flavours and flavour enhancers play an important role in the enjoyment of food.
Monosodium Glutamate (MSG):
Monosodium glutamate (MSG) is a flavor enhancer that belongs to the class of food additives known as sodium salts. It is also used as a texturizer and preservative in processed foods such as canned vegetables, frozen meals, soups and snacks. MSG is produced during the fermentation of sugarcane or corn starch or through chemical synthesis.
Hydrolyzed Vegetable Protein (HVP):
Hydrolyzed vegetable protein is a form of plant-based protein that has been chemically broken down into amino acids. It is also known as vegetarian beef flavoring or just vegetarian flavoring. HVP can be found in various products such as meat substitutes, dairy alternatives, and other food products like seasonings & sauces.
Application Insights:
The restaurants segment held the largest share of over 70.0% in 2017. The use of food flavours and enhancers in restaurants has witnessed a significant rise due to growing consumer demand for variety and innovation in food products across the world. Moreover, rising disposable income levels coupled with changing lifestyles have led consumers to spend more on dining out than at home cooking meals, which is also expected to boost industry growth over the forecast period.
Food processing industry emerged as another key application segment for food flavouring and flavour enhancers with a revenue share of around 12% in 2017 owing to increasing product usage during manufacturing processes such as canning, baking, smoking & curing meats among others. Rising health concerns among consumers regarding additives used by manufacturers are expected to force their hand toward additive-free foods thereby influencing consumption trends toward healthier options that are less seasoned or flavored compared to their processed counterparts which will further drive market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major part of the food processing industry, which has resulted in high demand for enhancers. China, India, Japan and Korea are some of the largest markets in this region that have supported growth over past years.
North America accounted for more than 10% share of overall revenue owing to growing awareness among consumers regarding healthy diet patterns coupled with increasing health concerns such as obesity and heart diseases associated with processed foods. Moreover, presence of a large number of manufacturers has also contributed towards significant market growth across this region. U.S., Mexico and Canada are some prominent countries accounting for majority shares within North America regional market space.
Europe is one of the mature markets accounting high demand from end-use industries due to extensive research & development activities by key players coupled with new product launches.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the food flavours and flavour enhancers market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or hassle. They are generally pre-packaged or frozen, and require little to no cooking time. This has led to an increase in their popularity among consumers, especially working professionals and young adults who lead busy lives.
- Rising disposable incomes: Another key growth driver for the food flavours and flavour enhancers market is rising disposable incomes around the world. With more money at their disposal, consumers are increasingly willing to spend on premium products that offer better quality and taste than traditional options available in their region or country of residence. This includes high-quality processed foods that use better quality ingredients, including food flavours and flavour enhancers which play a critical role in enhancing the taste of these products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Flavours & Flavour Enhancers Market Research Report
By Type
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
By Application
Restaurants, Home Cooking, Food Processing Industry
By Companies
Fufeng, Meihua, Ajinomoto Group, Eppen, Angel Yeast, Biospringer, Ohly, DSM, AIPU Food Industry, Innova
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Food Flavours & Flavour Enhancers Market Report Segments:
The global Food Flavours & Flavour Enhancers market is segmented on the basis of:
Types
Monosodium Glutamate (MSG), Hydrolyzed Vegetable Protein (HVP), Yeast Extract, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Restaurants, Home Cooking, Food Processing Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fufeng
- Meihua
- Ajinomoto Group
- Eppen
- Angel Yeast
- Biospringer
- Ohly
- DSM
- AIPU Food Industry
- Innova
Highlights of The Food Flavours & Flavour Enhancers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monosodium Glutamate (MSG)
- Hydrolyzed Vegetable Protein (HVP)
- Yeast Extract
- Others
- By Application:
- Restaurants
- Home Cooking
- Food Processing Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Flavours & Flavour Enhancers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food flavours and flavour enhancers are chemicals or additives that are added to food in order to make it taste better. They can be used to improve the taste of foods such as ice cream, cake, soup, and cereal.
Some of the major players in the food flavours & flavour enhancers market are Fufeng, Meihua, Ajinomoto Group, Eppen, Angel Yeast, Biospringer, Ohly, DSM, AIPU Food Industry, Innova.
The food flavours & flavour enhancers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Flavours & Flavour Enhancers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Food Flavours & Flavour Enhancers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Food Flavours & Flavour Enhancers Market - Supply Chain
4.5. Global Food Flavours & Flavour Enhancers Market Forecast
4.5.1. Food Flavours & Flavour Enhancers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Food Flavours & Flavour Enhancers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Food Flavours & Flavour Enhancers Market Absolute $ Opportunity
5. Global Food Flavours & Flavour Enhancers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
5.3.1. Monosodium Glutamate (MSG)
5.3.2. Hydrolyzed Vegetable Protein (HVP)
5.3.3. Yeast Extract
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Food Flavours & Flavour Enhancers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
6.3.1. Restaurants
6.3.2. Home Cooking
6.3.3. Food Processing Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Food Flavours & Flavour Enhancers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Food Flavours & Flavour Enhancers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Food Flavours & Flavour Enhancers Demand Share Forecast, 2019-2026
9. North America Food Flavours & Flavour Enhancers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
9.4.1. Restaurants
9.4.2. Home Cooking
9.4.3. Food Processing Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
9.7.1. Monosodium Glutamate (MSG)
9.7.2. Hydrolyzed Vegetable Protein (HVP)
9.7.3. Yeast Extract
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Food Flavours & Flavour Enhancers Demand Share Forecast, 2019-2026
10. Latin America Food Flavours & Flavour Enhancers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
10.4.1. Restaurants
10.4.2. Home Cooking
10.4.3. Food Processing Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
10.7.1. Monosodium Glutamate (MSG)
10.7.2. Hydrolyzed Vegetable Protein (HVP)
10.7.3. Yeast Extract
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Food Flavours & Flavour Enhancers Demand Share Forecast, 2019-2026
11. Europe Food Flavours & Flavour Enhancers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
11.4.1. Restaurants
11.4.2. Home Cooking
11.4.3. Food Processing Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
11.7.1. Monosodium Glutmate (MSG)
11.7.2. Hydrolyzed Vegetable Protein (HVP)
11.7.3. Yeast Extract
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Food Flavours & Flavour Enhancers Demand Share, 2019-2026
12. Asia Pacific Food Flavours & Flavour Enhancers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
12.4.1. Restaurants
12.4.2. Home Cooking
12.4.3. Food Processing Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
12.7.1. Monosodium Glutamate (MSG)
12.7.2. Hydrolyzed Vegetable Protein (HVP)
12.7.3. Yeast Extract
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Food Flavours & Flavour Enhancers Demand Share, 2019-2026
13. Middle East & Africa Food Flavours & Flavour Enhancers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Application
13.4.1. Restaurants
13.4.2. Home Cooking
13.4.3. Food Processing Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Food Flavours & Flavour Enhancers Market Size and Volume Forecast by Type
13.7.1. Monosodium Glutamate (MSG)
13.7.2. Hydrolyzed Vegetable Protein (HVP)
13.7.3. Yeast Extract
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Food Flavours & Flavour Enhancers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Food Flavours & Flavour Enhancers Market: Market Share Analysis
14.2. Food Flavours & Flavour Enhancers Distributors and Customers
14.3. Food Flavours & Flavour Enhancers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fufeng
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Meihua
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ajinomoto Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eppen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Angel Yeast
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Biospringer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ohly
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AIPU Food Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Innova
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
